New Delhi: Bessco Power Pvt. Ltd. and Renergo Developers Pvt. Ltd. have formed a joint venture to develop 1,000 MW of renewable energy projects over the next 18 to 24 months across India and Nepal, with plans to expand into biogas and green hydrogen alongside large-scale solar power, PTI reported.
The partnership will mainly focus on utility-scale solar projects while also exploring opportunities in compressed biogas, green hydrogen and green ammonia as part of efforts to strengthen clean energy infrastructure in the region.
Founder and chairman of Bessco Power Rajeev Chhikara said the collaboration marks a step toward building large renewable energy capacity across South Asia. He added that combining development experience with financial and operational capabilities would help accelerate project implementation in both countries, PTI stated.
Co-founder of Renergo Developers Nishant Goyal said the partnership will help tap the growing renewable energy potential in India and Nepal and support the development of large-scale projects.
Managing director of Bessco Power Bharat Gulati said the initiative aims to create a strong renewable energy platform that not only develops solar capacity but also supports the region’s long-term energy transition through sectors such as green hydrogen, compressed biogas and green ammonia.
Co-founder of Renergo Developers Mayank Rohilla said the joint venture will also focus on building a diversified portfolio in emerging energy sectors, including hydrogen, ammonia and bioenergy.
The companies said they expect to begin work on the first set of projects in the coming months, with several opportunities already being evaluated in India and Nepal.
